Scotiabank Issues Pessimistic Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by stock analysts at Scotiabank from C$45.00 to C$42.00 in a report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 10.76% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets boosted their price target on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. TD Securities lowered their target price on shares of BCE from C$43.00 to C$39.00 in a research note on Monday, November 11th. Desjardins raised their price target on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Canaccord Genuity Group decreased their price target on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Finally, Barclays dropped their price objective on shares of BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$44.86.

BCE Stock Performance

Shares of BCE stock opened at C$37.92 on Tuesday. The stock has a market capitalization of C$34.59 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 4.67 and a beta of 0.48. BCE has a one year low of C$36.95 and a one year high of C$56.18. The company’s 50-day simple moving average is C$43.45 and its 200-day simple moving average is C$45.22. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE Company Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.